December concluded a successful year for our ABC Funds. While the broader market faced challenges in the final month of 2024, all three ABC Funds delivered positive results, outperforming their benchmarks on both a monthly and year-to-date basis. Key contributors to this strong finish included core ABC Funds holdings of Broadcom, Alphabet, Amazon, Apple, Meta, and ServiceNow. Looking back at
In November, equity markets performed exceptionally well, propelling all three ABC Funds to new all-time highs. The conclusion of the U.S. presidential election removed a major investment uncertainty, providing investors with greater clarity. As a result, money is beginning to flow back into the market, signalling a more constructive outlook among investors. Additionally, inflation continues to ease, interest rates are
Equity markets were volatile in the month of October as investors navigated uncertainties surrounding the upcoming U.S. presidential election, interest rates, geopolitics, economic growth, and corporate earnings. Despite these challenges, all three ABC Funds ended the month positively. Key contributors to our performance this month included NVIDIA, ServiceNow, Alphabet, Visa, and Waste Management. A notable highlight during October was the
The stock market in September was notably volatile, softening initially due to concerns over interest rates, geopolitics, weak third quarter seasonality, and the upcoming U.S. presidential election. However, a significant turnaround occurred in the latter half of the month, leading to positive returns for equity markets and all three ABC Funds. The key event in September was the U.S. Federal
August was an extraordinarily volatile month for global equity markets, influenced by the unwind of the Japanese carry trade, continuing geopolitical tensions, and the looming November 5th U.S. Presidential election. The significant appreciation of the Canadian dollar impacted our portfolios’ performance over the period, although our currency hedge provided a partial buffer against this increase. Notable ABC Funds’ outperformers in
July was a mixed month for equity market performance after achieving respectable returns during the first half of 2024. Understandably, in the context of a slower summer trading period there was significant common share price volatility. Market headwinds over the month included slowing economic growth, notable geopolitical tensions, and interest rate uncertainty. Additionally, the impending 2024 U.S. Presidential Election has
In June, North American equity markets displayed mixed results, with the US stock market significantly outperforming its Canadian counterpart. All three ABC Funds not only exceeded their benchmarks but also reached new all-time highs during the month. This performance was largely driven by the funds’ US geographic focus, coupled with our strategic commitment to high-growth sectors, particularly technology. The AI
The month of May brought forward a significant recovery in equity markets, with global stock indices rebounding from April’s declines. Additionally, all three of our ABC Funds outperformed their benchmarks in May, setting new all-time highs. The month saw standout sector performances from information technology, utilities, and communication services. We believe these sectors are at the forefront of the current
After five consecutive months of upward momentum, equity markets declined in April. This result was influenced by several factors including interest rate uncertainty, sticky inflation, geopolitical tensions, and general investor angst. Despite these challenges, a number of positive elements reinforce our optimistic outlook. For instance, the economy remains strong, underlying market technicals are favourable, and current investor sentiment appears overly
Equity markets in March closed out the first quarter of 2024 on a strong note. This advance enabled the ABC Funds to rally to new all-time highs. The month was characterized by broad-based gains which encompassed a wide range of sectors and geographies, reflecting robust global economic momentum and stock market resilience. A notable investment decision taken early in the